Please note that we have not received as of yesterday the initial payment (as per the Supplementary Agreement to the Financial Restructuring Agreement signed between Yapi Kredi Bank and Cukurova Group on 20.07.2004) that Çukurova Group had stated would be made until 11.10.2004.
Our Board of Directors, considering that USD settlement system was closed yesterday due to "Columbus Day", decided to wait until today's closing for the payment.
We will notify you about further developments as soon as possible.
Yapı Kredi / 12 Oct 2004